The Biden administration's tax enforcement proposal unveiled on Thursday includes a proposed requirement that cryptocurrency transfers over $10,000 be reported to the Internal Revenue Service.www.reuters.com
Probably some insiders (Musk as well) had information about this.
I heard a podcast about 1 month before the current crash that said there are two major threats to btc:China news: more crackdowns...
I was honestly surprised too. Thought we'd weathered it all for a while after the first big dive this week. Still hodling, because it's basically just my stimulus money in there and I can't imagine the USD actually outperforming crypto this year, but wondering if everyone else is still feeling as positive about the outlook for the end of 2021.
but wondering if everyone else is still feeling as positive about the outlook for the end of 2021.